SoFi reported $134.3 million in crypto trading revenue for the second quarter, up 10% from the previous quarter, in its latest earnings results. After $133.1 million in transaction costs, the unit produced $1.2 million in net revenue, above the $850,000 recorded in the first quarter.
The fintech company said its adjusted net revenue for the second quarter came in at $1.2 billion. Crypto still represents a relatively small share of that total, but SoFi said it has continued to expand its digital asset infrastructure since bringing back crypto trading and investing services at the end of 2025.
SoFiUSD moves into business payments
Beyond trading, SoFi is widening the use of its stablecoin, SoFiUSD. During the second quarter, the company’s Big Business Banking platform began processing transactions through the SoFi Exchange Network, giving business clients a way to move funds and make instant payments at any hour with SoFiUSD instead of waiting for traditional banking hours.
In May, SoFi formally launched SoFiUSD inside its own financial app. The product allows users to buy, hold, sell and redeem the dollar stablecoin on Ethereum and Solana.
Tokenized deposits, remittances and Bullish integration
SoFi also laid out its next set of product plans. Those include tokenized deposits backed by bank deposits insured by the Federal Deposit Insurance Corporation, cross-border remittance services, and an integration with crypto exchange Bullish aimed at serving institutional clients in digital assets.
William Blair keeps Outperform rating
Investment firm William Blair maintained an Outperform rating on SoFi shares in its latest research note. The firm’s analysts said a recent run of new product launches, along with the SoFi Plus membership subscription service, is helping lift user engagement and monetization.
Multi-year Notre Dame Athletics deal
SoFi also stepped up its brand spending. On Tuesday, the company announced a multi-year strategic partnership with Notre Dame Athletics. Under the arrangement, SoFi will contribute $1.4 million each year to establish a fund that will support student-athletes through scholarships, financial education and career development.
The company also became the first brand to place its logo on the jersey of the Fighting Irish, Notre Dame’s well-known athletic program. According to The Athletic, the jersey advertising agreement carries an average annual value of between $18 million and $20 million, setting a new high for college sports sponsorships in the United States.